Further to Circular C242 and the CSDR, CySEC wishes to inform CIFs on the requirements for internalised settlement reporting. Settlement Internalisers should report to CySEC on a quarterly basis the aggregated volume and value of all securities transactions that they settle outside securities settlement systems. Entities responsible for reporting: According to paragraph 14 of the Guidelines on Internalised Settlement Reporting, internalised settlement can happen at...Read More
CySEC issued Circular C334 (“the Circular”) dated 07.08.19 requiring from all CIFs to keep in a separate EU Bank account an additional cash buffer in case there is a need for an extraordinary contribution to the Investors Compensation Fund (“ICF”). In particular: The minimum additional cash buffer amount is set at 0.3% of the eligible funds and financial instruments of a CIF’s clients as at...Read More
To: Regulated Entities: Alternative Investment Fund Managers (‘AIFMs’); UCITS Management Companies (‘UCITS MC’); Self-Managed UCITS (‘SM UCITS’); Self-Managed Alternative Investment Funds (‘SM AIFs’); Self-Managed Alternative Investment Funds with Limited Number of Persons (‘SM AIFLNP’); Companies with sole purpose the management of AIFLNPs CySEC wishes to inform the Regulated Entities about the following: A. Information requested by CySEC A new version of the form, RBSF-MC Version...Read More
Subject: Circular C319 (“the Circular”) dated 14.05.19 regarding CySEC’s Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing To whom it concerns: – CIFs; – AIFs; – AIFMs; – AIFLNPs; and – other Regulated Financial Entities The new CySEC Directive for the Prevention and Suppression of Money Laundering and Terrorist Financing (‘the AML Directive’) is out. Please note that upon entry into...Read More
Subject: Circular C312 (“the Circular”) dated 16.05.19 regarding findings of review into Key Information Document (the “KID”) on Packaged Retail and Insurance – based Investment Products (PRIIPs) To whom it concerns: CIFs; Regulation (EU) No. 1286/2014 sets out common standards for KIDs’ disclosure so that retail investors are provided with the information necessary for them to make an informed investment decision. CySEC has reviewed issues...Read More
